BOER Power Holdings Announces Sale of Gas-Insulated Switchgear to Boer Energy Jiangsu for RMB7.22 Million
Reuters
Oct 03
BOER Power Holdings Announces Sale of Gas-Insulated Switchgear to Boer Energy Jiangsu for RMB7.22 Million
BOER Power Holdings Limited has announced that its indirect wholly-owned subsidiary, Boer Wuxi, has entered into a Sale and Purchase Agreement with Boer Energy Jiangsu. Under the agreement, Boer Wuxi will supply 36 sets of gas-insulated switchgear and related spare parts, along with associated logistics services and materials, for a photovoltaic power generation grid parity project. The total consideration for the transaction is approximately RMB7.22 million, including value added tax. The company stated that the sale is in the ordinary and usual course of business. Boer Energy Jiangsu is owned 60% by Wuxi Boer Cloud, which is majority-owned by key executives of BOER Power Holdings Limited.
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